Acquisition of minority interest
Empresaria Group plc has acquired the remaining 10% of its UK subsidiary, Greycoat Placements Limited, for £50,000 in cash, bringing its ownership to 100%. This transaction, considered a related-party transaction as the shares were bought from GP's managing director, Deborah Salter, is deemed fair and reasonable by Empresaria's directors. Greycoat Placements reported unaudited total assets of £0.46 million and an adjusted operating profit of £0.41 million for the year ended 31 December 2025.
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Empresaria Group plc (AIM: EMR), the international specialist staffing group, announces the acquisition of 10% of the issued share capital of Greycoat Placements Limited ("GP"), a UK subsidiary of the Company (the "Acquisition"). Following completion of the Acquisition, the Company will own 100% of GP.
The shares were acquired from Deborah Salter, the current managing director of GP. Consideration for the Acquisition is £50,000, to be paid in cash from the Group's existing facilities, all payable upon completion of the Acquisition.
GP reported unaudited total assets of £0.46 million for the year ended 31 December 2025 and an unaudited adjusted operating profit of £0.41 million for the same period.
Related Party Transaction
The Company's purchase of the outstanding 10% interest in GP from Deborah Salter, a director of GP, is deemed to be a related-party transaction pursuant to rule 13 of the AIM Rules for Companies. The directors of Empresaria, all of whom are independent of the Acquisition, consider, having consulted with the Company's nominated adviser, Allenby Capital Limited, that the terms of the Acquisition are fair and reasonable insofar as the Company's shareholders are concerned.
| Empresaria Group plc Nigel Marsh, Chief Executive Officer James Chapman, General Counsel & Company Secretary | via Alma PR |
| Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor / Vivek Bhardwaj (Corporate finance) Tony Quirke (Equity sales) / Ian Jermin (Research) | 020 3328 5656 |
| Alma Strategic Communications (Financial PR) Sam Modlin / Rebecca Sanders-Hewett / Sarah Peters | 020 3405 0205 empresaria@almastrategic.com |
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